Important Investor Alert: Kahn Swick & Foti, LLC Reminds Investors of Deadline in Securities Class Action Lawsuit Against FTAI Aviation Ltd.
NEW ORLEANS, Feb. 28, 2025 – Kahn Swick & Foti, LLC (“KSF”) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 18, 2025 to file lead plaintiff applications in a securities class action lawsuit against FTAI Aviation Ltd. (FTAI).
FTAI is a leading provider of aviation services and operates a fleet of commercial jet aircraft. The company is headquartered in the Republic of Ireland and trades on the NASDAQ under the ticker symbol “FTAI.”
Background of the Lawsuit
The lawsuit alleges that certain statements made by FTAI between February 20, 2023 and October 26, 2024, including statements regarding the company’s financial condition and business prospects, were materially false and misleading. Specifically, the lawsuit alleges that FTAI failed to disclose material adverse information regarding its financial condition and business prospects, including:
- Significant operational issues, including delays and cancellations of flights, which negatively impacted the company’s revenue and profitability;
- Material weaknesses in the company’s internal controls over financial reporting;
- A significant decline in demand for the company’s services due to the COVID-19 pandemic;
- The termination of a significant contract with a major customer;
Impact on Investors
As a result of these alleged false and misleading statements, investors purchased or otherwise acquired FTAI securities at artificially inflated prices between February 20, 2023 and October 26, 2024. When the truth was revealed, the price of FTAI securities declined significantly, causing substantial losses to investors.
Impact on the World
The impact of this lawsuit on the aviation industry and the world at large could be significant. FTAI is a major player in the aviation services sector, and its financial difficulties could have ripple effects throughout the industry. Additionally, the lawsuit highlights the importance of transparency and accurate financial reporting, which is crucial for maintaining investor confidence and trust in the capital markets.
Conclusion
If you purchased or otherwise acquired FTAI securities between February 20, 2023 and October 26, 2024 and have suffered substantial losses, you may be entitled to recover your losses. To learn more about this class action lawsuit and how it may affect your rights as an investor, please contact KSF at 1-877-515-1850 or [email protected]. The deadline to file for lead plaintiff status is March 18, 2025.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and complex commercial litigation. The firm is located in New Orleans, Louisiana and has offices in California and New York.
Contact:
Kahn Swick & Foti, LLC
1-877-515-1850
[email protected]
1100 Poydras St., Suite 3200
New Orleans, LA 70163
